Scottish Business Briefing – Friday 13 July, 2012 - Management

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Scottish Business Briefing – Friday 13 July, 2012

North Sea oil and gas revenues may be much lower than previously predicted

Published on 13/07/2012 09:21

WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.

BANKING

£80bn for big banks – but only if they ease the credit squeeze

Central bank policymakers are today expected to throw down an £80 billion challenge to Britain’s biggest lenders in an effort to ease the credit squeeze. (Scotsman)

Read all today’s banking news from scotsman.com

ENERGY & UTILITIES

Watchdog forecasts plunging oil revenue

Alex Salmond’s plans for an independent Scotland funded by North Sea energy have been dealt a blow by an official report that reveals tax revenue from oil and gas is to fall dramatically over the next three decades. (Scotsman)

Read all today’s energy and utilities news from scotsman.com

INDUSTRY

£17m mill secures future of Scots site

THE future of the 182-year-old Hutchison milling business in Kirkcaldy has been secured after owner Carr’s Milling Industries said it is to construct a new £17 million mill on the site with the help of a seven-figure Government grant. (Herald)

Dawn Group defends plan to close construction arm

DAWN Group has defended its decision to close its construction arm to focus on development work and housebuilding after the homes division made a loss in the last financial year. (Herald)

Read all today’s industry news from scotsman.com

MEDIA & LEISURE

Edinburgh’s hotels suffer as weather and weak euro discourage visitors

REVENUES and occupancy rates at Edinburgh’s three- and four-star hotels fell for the third month in a row during May, according to accountancy firm PKF’s monthly report. (Scotsman)

Read all today’s media and leisure news from scotsman.com

TECHNOLOGY

In-focus Daysoft doubles profits to £1.32m

Scottish contact lens maker Daysoft, the only online seller of daily disposable lenses, doubled profits to £1.32 million last year on a 21% sales rise to £9m, according to accounts just filed at Companies House. (Herald)

Read all today’s technology news from scotsman.com

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Scottish Business Briefing – Friday 13 July, 2012

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